Big Sale! 10 stocks to give 20-60% returns post April-June earnings

Sat, Aug 03, 2013 at 17:16

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Prestige Estates Projects

Target Price: Rs 200

Implied Upside 60%


Rationale: A continuing healthy performance on all fronts, improving operating metrics and a strong outlook for the future aids us in retaining our positive stance on the company. The company’s net asset value, post debt, stands at Rs77.8bn which translates to Rs222/share. Our target price is based on a 10% discount to NAV which translates to Rs200.

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